New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    How much subsidy is expected to be provided by the

    government to IOC, BPCL, and HPCL for LPG in FY25?
    A ₹25,000 crore Correct Answer Incorrect Answer
    B ₹30,000 crore Correct Answer Incorrect Answer
    C ₹35,000 crore Correct Answer Incorrect Answer
    D ₹40,000 crore Correct Answer Incorrect Answer
    E ₹45,000 crore Correct Answer Incorrect Answer

    Solution

    The government is set to provide ₹35,000 crore in LPG subsidies to IOC, BPCL, and HPCL, to offset losses from selling domestic LPG at unchanged prices. This subsidy will be split over two years, with ₹10,000 crore allocated in FY24-25 and ₹25,000 crore in FY25-26.

    Practice Next

    Relevant for Exams: